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The author of that article is using old 1990s thinking to project into the future. What he fails to notice is that the next generation will be competing with an additional 1 BILLION global workers that are paid a fraction of a US salary. Not much discretionary income to dump into the stock...

I once had a conversation with a friend of mine. He asked rhetorically why should a saver be punished for the irresponsible actions of someone else (a debtor's) - whether the punishment be future government fueled infaltion for paying down debt, taxpayer funded bailouts, etc... I said we...

If the US defaults, or effectively defaults through hyperinflation (and I am not arguing the probability of these outcomes) then all bets are off. Now think about the movie IOUSA. Anything can happen. If you look to history, world currencies - whether it's the Roman denarius, the pound...

I wonder if there is a connection with this story and the recent US/Chinese naval "incidents" recently in the South China Sea. Jawboning and Military muscle flexing are not mere coincidences. Not saying that anything significant will come out of this in the immediate future - but interesting...

Yup, it's those damn Marxists and lefties in the Media that are "manipulating" people into stuffing their mattresses. Let's see... Outsourcing and H1B visas supported by Wall Street contribute to lower wages and job instability. Rating agencies, WorldCom, Enron, in the late 90s and...

So, leading up to and during the Great Depression how many jobs were worthless service sector/paper pushing/wealth redistribution jobs, and how many were actually productive jobs? Compared to back then, I'd say the inverse has occurred in the makeup of jobs. We have a higher percentage of...

Dead on. I have been saying that for a long time. I can't believe that corporate elites and economists are not aware of the correlation between jobs/incomes and asset values/consumption. More debt CAN'T be the solution when incomes clearly cannot support more debt! But then again -...

Other than supply and demand, home values are influenced by three other things. 1. Incomes 2. Interest Rates 3. The quality of mortgages available. So what has happened to the above? Interest rates are being artificially kept low - for now - and who knows for how long. Incomes...

They won't be back for a very long time. This isn't a recession - but the end of leverage as we know and use it. The entire economy (as well as markets) was on steroids (debt) for too long. Now the jig is up. We reached critical mass - personal, corp, and government debt is at...

And 90% of homes are not in foreclosure!!!!!!!!! yippee!!! BUY BUY BUY!!!! What a crock.

The elites - and I'm talking the mega rich types - are the ones that will sacrifice the upper middle class and the "kinda" rich to keep the bottom classes from rioting. The elites profited the most from this system that is collapsing, and if you follow the money, they are taking what they...

You really believe that?

"smartest minds in the world?" Aren't they the ones that blew up the financial world? This rally is a head fake - sell into it. The elites are playing the same game we are. We just piggy back on their success, while the retail/individual investor gets screwed. Soon, the retail...

Never underestimate the power of denial - especially from those most vested in the status quo - the elites. They would rather gamble with disaster than accept reality. At the end of the day, 1+1=2, and that cannot be changed - no matter how hard you wish it. The fundamentals are just not there.

If this materializes, it will become a program meant to deal with the coming depression. Kids delivering food and medicine to the masses because many will not have money to drive, let alone afford the necessities of life. This will also keep the unemployment rate lower, so older Americans...

Mercor: Retail sales tanked in Sept. and killed the market. The worst thing that can happen now is the consumer gets scared and stops spending. We need to continue to go to Disneyland. _________________________________________________ That's assuming the consumer a) has a job and...

Old news already debunked. Factcheck.org handled this and many other things regarding BOTH candidates - it's actually a pretty good site: http://www.factcheck.org/ http://www.factcheck.org/elections-2008/born_in_the_usa.html

Sure, people that mop floors, pick up trash, mow lawns, stock shelves at stores, take your order at fast food restaurants - working 10+ hour days holding several jobs - those are the evil lazy people. Traders of Credit Default Swaps are the salt of the earth - without them society can't...

To a large extent, the capitalistic system has ended already. Nothing to predict there. A Wall Street banker walks down the street and buys a hot dog from a street vendor. Who's the REAL capitalist? The hot dog vendor or the Wall Street banker? Which of the two traditionally has the most...

There is somewhat of a precedent. At the end of WWI - all the allies defaulted on the debt owed to the US - all execept Sweden I believe. Anyone else know the details? Time for payback?